Intel Reports Best Ever Quarter with US$2.9 Billion Profit

It just keeps getting better for Intel, as the chip giant followed up its sparkling Q1 2010 financial results with a record breaking Q2. Revenues hit 10.8 billion from Q1's 10.3 while profits went up to 2.9 billion from 2.4 billion. Significantly, the gross margin is 67%, which is higher than the previous quarter's 63%. It all just means that Intel has been able to sell more chips, at a higher price. Remarkable indeed.

Tech Report - The latest strides by AMD—six-core processors and hot new mobile platforms—seem to have done little to break Intel's momentum. As a matter of fact, Intel says last quarter was the best in its 42-year history, with the company racking up $10.8 billion in revenue and net profits of $2.9 billion.